AerCap Signs Lease Agreements with Fly Meta for 4 Boeing 777-300ERSF
FEB 1, 2023 - 7:07 am
AerCap signed lease agreements for four Boeing 777-300ERSF aircraft with Fly Meta, a Hong Kong-based global air cargo charter company. The aircraft are scheduled to deliver in 2024 through 2025.
The Boeing 777-300ERSF, also known as ‘The Big Twin’, is the first passenger-to-freighter aircraft conversion program of the Boeing 777-300ER and will be the largest twin-engine freighter when it enters service this year.
“AerCap is delighted to welcome Fly Meta as a new customer to the 777-300ERSF ‘The Big Twin’ freighter conversion program,” Rich Greener, head of cargo at AerCap, said. “With 25% more capacity than today’s smaller twin-engine long-haul freighters, the Big Twin offers significant cost efficiencies, superior range, and outstanding operational commonality, and is therefore the ideal aircraft to support Fly Meta’s growing widebody freighter fleet.”
“We are thrilled to sign these lease agreements with AerCap for four Boeing 777-300ERSF freighter aircraft,” Helen Chen, CEO of Fly Meta, said. “We are confident that the situation will change for the better as China lifts its Covid restrictions, and that the cargo market will grow steadily over the coming years. We believe that the volume capabilities and greater cost efficiencies of the 777-300ERSF will give us a competitive advantage in the market.”
AerCap Cargo and Israel Aerospace Industries Group launched the 777-300ERSF conversion program in 2019. Today, AerCap Cargo has a firm order book of 20 Boeing 777-300ERSF aircraft and a further 10 options. The first aircraft is expected to deliver in the first half of 2023 to Kalitta Air, a U.S. cargo airline.
This year has kept the equipment finance sector on its toes with a massive banking crisis, continually rising interest rates and consistent concerns about an economic recession. Equipment finance companies and their customers are continuing to deal with the pressure... read more
When building out the branding for Monitor’s two-day 50th anniversary celebration, the Monitor team wanted to make sure what the event was called reflected its purpose as well as the current moment in equipment finance. Converge emerged as the perfect... read more